Submitted by 4Wf2n5 t3_10p68c8 in technology
skilliard7 t1_j6jyn5h wrote
Reply to comment by Nasmix in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
Nearly half of 2022's GDP gains were from increased inventories- stuff is getting produced, but not sold. It's a very strong leading indicator for an upcoming recession among many others.
Nasmix t1_j6jz3nn wrote
Ok sure - however it’s more appropriate to say companies are reacting to a slower economy / lower demand than a recession
We likely will enter a recession though that remains to be seen
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